The Diagram Below Shows Some Short- Run Cost Curves for a Firm

question 77

Multiple Choice

The diagram below shows some short- run cost curves for a firm. FIGURE 7- 2
-Refer to Figure 7- 2. Which of the following choices correctly identifies the cost curves in part (ii) of the figure?

• A) Curve 4 is the average total cost curve. Curve 5 is the marginal cost curve. Curve 6 is the average variable cost curve. Curve 7 is the average fixed cost curve.
• B) Curve 4 is the marginal cost curve. Curve 5 is the average total cost curve. Curve 6 is the average variable cost curve. Curve 7 is the average fixed cost curve.
• C) Curve 4 is the marginal cost curve. Curve 5 is the average variable cost curve. Curve 6 is the average fixed cost curve. Curve 7 is the average total cost curve.
• D) Curve 4 is the marginal cost curve. Curve 5 is the average fixed cost curve. Curve 6 is the average variable cost curve. Curve 7 is the average total cost curve.
• E) Curve 4 is the average fixed cost curve. Curve 5 is the average total cost curve. Curve 6 is the marginal cost curve. Curve 7 is the average variable cost curve.

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Definitions:

Infants

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Chronic Obstructive Pulmonary Disease (COPD)

A group of progressive lung diseases causing airflow blockage and breathing-related problems.

Respiratory System

The organs and structures responsible for breathing, including the lungs, airways, and muscles, facilitating the exchange of oxygen and carbon dioxide.

Metabolic Rate

The rate at which the body uses energy to maintain basic life functions at rest.